[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.07.07 15:54
• [Dalian No.1 makes its maiden flight]
• The Dalian No.1 low altitude cross sea long endurance composite wing unmanned aerial vehicle independently developed by Dalian University of Technology has successfully completed its first sea flight test. The core indicators such as mounting capacity, range and endurance, and wind resistance of this aircraft model have all met expectations, adding a high-performance practical platform for China to build an integrated low altitude economic ecosystem of land, sea and air. Editor/Cheng Liting

• 2026.07.07 15:53
• [Xinjiang Jimsar shale oil breaks the record for the shortest drilling cycle in China]
• On July 6, 2026, the JHW91-13 well located in the Jimsar National Continental Shale Oil Demonstration Zone in Xinjiang was successfully drilled, with a completion period of 7.75 days, a completion depth of 5501 meters, and a vertical depth of 4031 meters, breaking the record for the shortest drilling period for shale oil at the same depth in China. The drilling efficiency reached the advanced level of shale oil wells of the same type in North America. Editor/Cheng Liting